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First State to launch Latin America fund

The fund, which will be added to First State’s specialist product range will be managed by Jonathan Asante and Millar Mathieson with Alan Nesbit as deputy fund manager.

It will mirror the investment style of First State’s existing emerging markets funds by focusing on a select list of companies with strong growth potential that are likely to have a consumer-related bias.

The fund will target investment opportunities in Brazil, Chile, Colombia, Mexico and Peru but may also look to extend this spread to neighbouring regions should the fund managers see value in these areas.

The fund will be part of First State Investments ICVC domiciled in the UK and have a minimum subscription of £1500 for retail investors.

Senior portfolio manager Jonathan Asante says: “The launch of First State’s Latin America fund will enable us to take advantage of more attractive valuations in the region and ensure investors are in a strong position to capitalise on future growth. Looking ahead, Latin America over the mid to long term is an exciting investment proposition.”

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19th November 20182:58 pm

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